Your New Investment Target: Zero (Net Zero)

Reading Time: 8 minutes It’s not often that the investment business is at the centre of a social, cultural and political movement (I don’t remember seeing activists on the streets smashing windows over the active vs passive debate or the death of value factor, maybe I missed it). So perhaps it shouldn’t have come as such a surprise to … More Your New Investment Target: Zero (Net Zero)

Five surprising stocks in a 20-year bear market

Reading Time: 3 minutes Looking at individual stocks gets wild … It might surprise you that the following stocks have all yet to surpass their March-2000 dot-com era highs (at the time of writing. Admittedly 2 are getting close): Intel Cisco Pfizer AT&T General Electric It gets even weirder when you focus in on Cisco – despite being in … More Five surprising stocks in a 20-year bear market

Uprated skills

Reading Time: 2 minutes To follow on from underrated skills. In a remote world where everything’s changed and long-term is next month, which skills have gained in importance? Starting with “I’m not sure“ False certainty can be a huge risk at the best of times, even more so when the world has changed and no-one really knows for sure … More Uprated skills

Yes, the journey matters

Reading Time: 3 minutes Your standard finance textbook gets it wrong, or at least doesn’t tell you the full story. Three investors, three different paths of return this year (orange, green, blue). But assuming they start and end at the same point (I know they don’t quite), who feels best? And why? Which is the best investment? Simple question … More Yes, the journey matters

The Days are Long but the Years are Short – How to Reflect on a Decade

Reading Time: 4 minutes The end of the year is a great time for reflection, the end of the decade, is the sort of milestone that only comes around a handful of times in our adult life and is special indeed. This is a rare chance – if we choose to take it – to look back, reflect on … More The Days are Long but the Years are Short – How to Reflect on a Decade

Practical tips for thoughtful disagreement

Reading Time: 2 minutes I’ve often said that thoughtful disagreement is one of the most underrated skills. We know we should do it, but we don’t know how, and worse, we’re heavily wired against it through ego and confirmation bias. I listened to this great conversation between Ray Dalio and Reid Hoffman, which contained a ton of useful tips … More Practical tips for thoughtful disagreement

RPI surprises

Reading Time: < 1 minute Quite big news out last week on the future of RPI, in DB pensions-land, amid everything else that’s going on. I’ve seen a variety of conflicting takes on the announcement, but clearly has implications for DB schemes. Here is a helpful reminder of some of the recent background context on the long-running issues with RPI. … More RPI surprises

Why Complexity Sells

Reading Time: < 1 minute A fantastic piece by the great Morgan Housel. Four reasons why complexity sells – Working through complexity feels like real work, while simplicity feels like an easy walk (too easy?) Length superficially signals effort and thoughtfulness (flawed thinking that is not challenged often enough) Things you don’t understand create a mystique around people who do … More Why Complexity Sells